Zee Media Bureau/Ajeet Kumar
Gold prices extended their yesterday's gains by Rs 45 to Rs 29,257 per ten grams in futures trade Tuesday as some of the market participants enlarged their positions even a sideways trend overseas. Read more on Gold 2014 Outlook
At the Multi Commodity Exchange (MCX), gold for delivery in April edged higher by Rs 45 to Rs 29,257 per ten grams after moving in range of Rs 29,128 - Rs 29,283.
Similarly, silver for delivery in March gained by Rs 141 to Rs 45,259 per Kg.
Gold in overseas markets, which normally set price trend on the domestic front, failed to extend its gains for the third consecutive day on profit-booking.
Spot gold last traded down USD 1.90 or 0.15 percent at USD 1,251.50 an ounce after making a high of USD 1,255.40 in intra-day trade.Read more on Commodity Market 2014 Outlook
Meanwhile, gold prices recovered by Rs 200 to Rs 30,400 per ten grams at Delhi bullion market on fresh buying by stockists for the marriage season amid a firm global trend.
Silver also moved up by Rs 320 to Rs 45,120 per kg on increased offtake by industrial units and coin makers.Delhi
Gold of 99.9 and 99.5 percent purity recovered sharply by Rs 200 to Rs 30,400 and Rs 30,200 per ten grams, respectively. It had shed Rs 15 yesterday. Sovereign held steady at Rs 25,100 per piece of eight gram.
Silver ready moved up by Rs 320 to Rs 45,120 per kg and weekly-based delivery by Rs 355 to Rs 45,120 per kg respectively, while silver coins held steady at Rs 85,000 for buying and Rs 86,000 for selling of 100 pieces.International markets
Spot gold last traded down USD 1.90 or 0.15 percent at USD 1,251.50 an ounce after making a high of USD 1,255.40 in intra-day trade.Here are the city wise gold and silver rates:
(Gold rates per 10 gm/Silver rates per Kg)Mumbai
GOLD: Rs 30,025 / SILVER: Rs 45,500Delhi
GOLD: Rs 30,400 (+200)/ SILVER: Rs 45,120 (+320)Chennai
GOLD: Rs 29,750/ SILVER: Rs 44,505Kolkata
GOLD: Rs 29,850/ SILVER: Rs 44,750Bangalore
GOLD: Rs 30,191/ SILVER: Rs 45,300Hyderabad
GOLD: Rs ---- / SILVER: Rs ----
First Published: Tuesday, January 14, 2014, 20:56